All of the investments made this year by Bezos' family office — called Bezos Expeditions — have been in artificial intelligence, according to data provided to CNBC by FINTRX, a private wealth intelligence platform. Bezos Expeditions has always tilted heavily toward tech. Fully 70% of the family office's...

Jeff Bezos' family office is making big investments in AI

PYMNTS

Klarna is reportedly ready to tap Goldman Sachs to help it go public next year. The Swedish buy now, pay later (BNPL) company is in deliberations with the banking giant to help lead its initial public offering (IPO), Bloomberg reported late Wednesday (Aug. 14), citing unnamed sources. Klarna was in...

Klarna Reportedly Close to Choosing Goldman Sachs to Lead IPO

Business Insider

Paden Gayle interviewed for Google twice and got rejected. Then he switched up his approach to interview prep and landed an offer.

A Google software engineer who was initially rejected gives 3 pieces of advice for landing a coding job

Creative Bloq

Even if the bubble birds, generative AI will continue to drive innovation in creative tech.

Forget the bubble, AI is here to stay in the creative sectors

Get ready for Frankenstein startups. Venture investors see a wave of private-equity buyouts and roll-ups as corporate acquisitions dip.

A private-equity takeover is coming for startups

Small merchants in China have been holding rallies this month to protest Temu's fines and refund policies, multiple outlets reported.

Dozens of angry Chinese suppliers swarmed Temu's office, saying they're tired of giving Westerners refunds without returns

Thousands of Cisco employees will be affected by a new layoff round, which could be announced next week, according to a Reuters report. Cisco will reportedly lay off around 4,000 employees in its second round of job cuts this year as the world’s largest networking company doubles down on artificial intelligence.

Cisco To Lay Off Around 4,000 Employees: Report

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Ho's stake in the newly-public company is worth nearly $70 million. Bloomberg estimates his family's fortune at $13 billion.

Meet the 29-year-old son of a casino billionaire who just took his influencer and esports company public

Cisco will cut thousands of jobs in a second round of layoffs this year as the networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, according to people familiar with the matter. The number of people affected could be similar to or slightly higher than the previous layoff and will likely be announced as early as Wednesday alongside the company’s fourth-quarter results, said the sources, who were not authorized to speak publicly. Cisco laid off 4,000 employees in February.

Cisco announces second round of layoffs

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Cooking With Maryann

A good pizza sauce makes ALL the difference in the flavor and end result of your dish. Personally, I've not found any commercially processed pizza sauces that don't taste.... fake, so I made my own. I'm not a huge fan of tomatoes in a can as they tend to taste a bit metallic, but you use what you've got and it's 1000 times better than storebought. Fresh tomatoes are in season right now though, so if you can get them fresh, more power to ya!

10-Minute Pizza Sauce

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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J. Souza

According to cruise industry reports, the world's largest cruise ship is sailing well above 100% capacity, thanks to more beds being filled on recent sailings. Royal Caribbean’s newest flagship, the Icon of the Seas, is proving to be an unprecedented success, with occupancy rates far exceeding expectations.

The Largest Cruise Ship in the World is Sailing at 132% Capacity: How This is Even Possible

Camden, NJ

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Earlier this year, PYMNTS Intelligence estimated that for consumers, and especially for paycheck-to-paycheck consumers, the cost of housing has been taking a significant chunk out of households’ take-home pay. In fact, as noted in this recent column penned by Karen Webster, paying to keep the roof over one’s head...

Rental Payment Innovations Help Tenant Cash Flow

The U.S. Securities and Exchange Commission (SEC) has reportedly subpoenaed at least three crypto venture capital firms in 2024. Citing a source familiar with the matter who wished to remain anonymous, DL News reports that three crypto VC firms received identical subpoenas from the SEC requesting any contract of token deals with investors.

SEC Subpoenas Crypto Venture Capital Firms in Potential Enforcement Actions Against Digital Asset Industry: Report

Fortune

More than three years after Bezos passed the CEO baton to Jassy, and as Amazon marks its 30th birthday, there are signs that the company's unique work culture is starting to fray.

Jeff Bezos’ famed management rules are slowly unraveling inside Amazon. Can they survive the Andy Jassy era?

Gautam Adani plans to retire at 70, in a transition that a family business professor said avoids "King Charles Syndrome."

Asia's second-richest man finally has a plan to hand over his company — but it's going to take a while

Apache Junction, AZ

Suzy Jacobson Cherry

When I studied Anthropology in college, I learned that teeth have been indicators of economic status just about forever. Archaeologists look at the teeth in ancient skeletons and know who the rich were based on their tooth decay. During the Renaissance period, it became fashionable for women to blacken their teeth to look like they were better off than they were, because the royals and aristocrats, who could afford sugar and sweets, had more rotten and missing teeth than the poor.

Opinion: Stop Stereotyping Bad Teeth as a Sign of Drug Addiction

Morristown, NJ

NEWARK, N.J. – Sixteen individuals have been charged in connection with a widespread "grandparent scam" that defrauded elderly Americans out of millions of dollars. The charges were announced by U.S. Attorney Philip R. Sellinger.

16 Charged in Nationwide 'Grandparent Scam'; Millions Stolen

NewsBreak

AI Firms’ Big Tech Deals Leave VC Investors in the Cold

This year has seen three fledgling AI firms swallowed up by Big Tech companies. As the Financial Times (FT) notes in a report Wednesday (Aug. 14),...

AI Firms’ Big Tech Deals Leave VC Investors in the Cold

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